Industrial Sale Leaseback

2400 Congress Street, Portland, Maine
Deal Type:
Sale Leaseback
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
Five, 5-year
Rent Increases:
2.0% Annually
  • nichols portland stream capital partners
  • nichols portland stream capital partners
  • nichols portland stream capital partners
  • nichols portland stream capital partners

Investment Highlights

  • Tenant designs and manufactures billet and powdered metal components for use in fluid transfer devices and other applications
  • The Company has a long-term operating history dating back to the 1920’s and has operated out of the subject facility since 1968
  • The property is located in a dense industrial and commercial area of Portland, Maine
  • The facility is situated on a 19.33 acre site which allows for future expansion opportunities
  • The tenant has invested over $23 million in equipment and machinery housed at the facility

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 622 8409

In Association with ParaSell, Inc. | A Licensed Maine Broker #AC90603332


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